On weekly start , Rupee likely to commence with weaker note as greenback steadied in holiday-thinned trade after U.S. jobs data showed job growth slowed further in August.
India added more than 90,000 cases of the novel corona-virus on Sunday, a global daily record, according to data from the health ministry.
On last trading session (Friday) , USDINR opened at 73.38 levels then reached intraday high at 73.48 level but after 2 hr trade there was heavy selling pressure drag the pair intraday low at 72.9975 before finished at 73.14/15 levels.
INTRADAY RANGE - 72.75 ( 72.95 - 73.46 ) 73.78
GLOBAL HIGHLIGHTS
The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy's recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.
Policy meetings at the Bank of Canada on Wednesday and the European Central Bank (ECB) the following day are also on investors' radar, with both expected to keep policy steady.
Britain has set a deadline of Oct. 15 to strike a free-trade deal with the European Union, and if none is agreed both sides should "accept that and move on," UK Prime Minister Boris Johnson will say on Monday.
The kingdom’s Saudi Aramco slashed October prices of its Arab Light grade of crude oil for sale in Asia over the weekend. Saudi Arabia made its biggest price cuts since May in its largest market by region, as fuel demand recovery hopes fade in one of the world’s top oil exporters over the still-ongoing COVID-19 pandemic.
UPCOMING IMPORTANT WEEKLY EVENT
U.S. data
Tech wreck looks set to continue
ECB meeting
Brexit and UK GDP
China trade data
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